Product Type: Market Research Report
Published by: TowerGroup
Published: May 2007
Product Code: R301-1285Description This TowerGroup Research Note looks at the Single Euro Payments Area initiative (SEPA), and in particular, the changing landscape for European automated clearing houses (ACHs). The research examines the challenges SEPA presents and reviews the progress of the initiative so far. It identifies several ACHs that are likely to emerge as winners from the expected consolidation. Based on consolidation of ACHs in other markets, the Research Note makes observations about the way competition and consolidation are likely to proceed in Europe. Banks are urged to review the basis of their relationship with the ACHs, and the two best choices a bank could take are identified.
Table of Contents
- TowerGroup Take-Aways
- Report Coverage
- Introduction
- Aspects of SEPA
- The Challenge Ahead
- Exhibit 1 Noncash Payments in Europe (2001-10P)
- Exhibit 2 Noncash Payments in the European Union by Nation and by Payment Type
- Exhibit 3 EU Noncash Payments per Capita by Nation and by Payment Type
- Exhibit 4 Leading EU Payments Processors' Functionality, Volume, and Commercial Remits
- Banks' Ownership Strategy Will Drive Consolidation of ACHs
- TowerGroup sees the two main options for European banks with respect to payments processing.
- Option 1: Investment Management
- Option 2: The Customer Is Always Right
- What Will Banks Do?
- Processors: Trying to Manage Their Own Fate
- Exhibit 5 Payments Processors in Europe by Volume
- Lessons from Elsewhere
- Scenarios for the Future of European ACHs
- Scenario 1: Evolution, Not Revolution
- Scenario 2: Market Adjustment
- Scenario 3: Radical Reform
- Summary
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